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To: albertabound

I think it’s like a oil analyst suggested about a week ago...it’s in for a cycle-type episode. $60 (maybe even down to mid-40’s) is around for 2015, but will start to go back up to $80 to $100 by end of 2016....then the frackers will turn up the production again, and it’ll move back down to $60 by 2018.

All of this hurts OPEC greatly, and harms the Russians in having a stable economy. It hurts the frackers too, I admit. But it’s capitalism at work.


43 posted on 12/17/2014 10:15:27 PM PST by pepsionice
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To: pepsionice

my take as well


44 posted on 12/19/2014 9:56:54 AM PST by albertabound
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